The IRS has finally issued some guidance on Bitcoin and FBAR. The verdict? Not reportable for now…
Read MoreTag: IRS
IRS Announces New Tax Preparer Program To Mixed Reactions
There will be a tax preparer certification program after all. That was the word from Internal Revenue Service Commissioner John Koskinen. If you’re scratching your
Read MoreLois Lerner And The Case Of The Missing Emails
(Author’s note: This post was based on information provided to/from Committee as of June 24. I will post updates as separate posts as the hearings
Read MoreIRS Releases Much Anticipated ‘Taxpayer Bill Of Rights’
A 2012 taxpayer survey revealed that only 46% of taxpayers believe that they have any rights before the Internal Revenue Service (IRS). Just a mere
Read MoreAfter TIGTA Report, Expect More Tax Refund Delays
In 2012, the Internal Revenue Service (IRS), collected nearly $242 million as a result of the Delinquent Return Refund Hold Program. Under the program, the
Read MoreCongress, Ignoring History, Considers Turning Over Tax Debts To Private Collection Agencies
The tax gap in the United States is estimated to be about $385 billion. The tax gap is the difference between what the Internal Revenue
Read MoreHouse Finds Lerner, Central Figure In Tax Exempt Scandal, In Contempt Of Congress
Today, the House voted to hold Lois Lerner, the former Director of Exempt Organization for IRS, in Contempt of Congress. So what’s next?
Read MoreTimeline Of IRS Tax Exempt Organization Scandal
As the news circulates that the House voted to hold Lois Lerner in Contempt of Congress, it’s getting increasingly difficult to remember what happened when. Here’s an updated timeline of the IRS tax exempt organization scandal.
Read MorePayback Is Forever: Tax Refund Offset Law Remains On The Books
A Washington Post story focusing on the seizure of tax refunds by the government to repay debt that was, in some instances, decades old has attracted attention. Of interest is the authority to seize tax refunds to pay back certain obligations.
Read MoreDon’t Write A Tax Check That Your Bank Account Can’t Cash: Payment Options Are Available
Ready to file your taxes but don’t have the funds to pay the tax bill? Don’t panic. There are a number of payment options available.
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